IST:ALGYO Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-2,032	704.35	1,862	1,243	1,266
Depreciation & Amortization	1.65	1.89	1.65	1.25	0.05
Gain (Loss) on Sale of Assets	-	-	-0.69	-38.09	-
Asset Writedown	2,529	-1,011	-1,580	-1,375	-715.29
Change in Accounts Receivable	282.24	-16.71	-57.79	122.89	-115.65
Change in Accounts Payable	275.07	1.2	14.51	6.3	1.59
Change in Other Net Operating Assets	-156.06	-89.95	-220.81	-112.35	32.99
Other Operating Activities	664.88	1,228	250.27	423.38	84.97
Operating Cash Flow	1,564	817.27	269.28	271.68	554.97
Operating Cash Flow Growth	91.41%	203.51%	-0.88%	-51.05%	-
Acquisition of Real Estate Assets	-4,654	-1,911	-904.99	-152.83	-451.98
Sale of Real Estate Assets	0.12	-	-	73.76	-
Net Sale / Acq. of Real Estate Assets	-4,654	-1,911	-904.99	-79.07	-451.98
Cash Acquisition	-	-1,355	-	-263.17	-49.47
Other Investing Activities	-	-	91.25	60.21	32.97
Investing Cash Flow	-3,663	-1,405	-813.75	-284.16	-468.58
Long-Term Debt Issued	2,555	1,596	720.74	205.64	-
Long-Term Debt Repaid	-706.19	-564.03	-33.83	-6.29	-1.92
Net Debt Issued (Repaid)	1,848	1,032	686.91	199.35	-1.92
Repurchase of Common Stock	-	-	-14.76	-25.86	-
Common Dividends Paid	-	-10.6	-221.05	-208.67	-49.32
Foreign Exchange Rate Adjustments	1.39	-	19.39	144.04	77.2
Miscellaneous Cash Flow Adjustments	-64.65	-307.12	-210.1	-73.43	-
Net Cash Flow	-313.94	127.33	-284.09	22.94	112.36
Cash Income Tax Paid	19.25	6.89	4.18	1.83	0.95
Levered Free Cash Flow	547.12	19.59	-207.17	-103.57	-31.13
Unlevered Free Cash Flow	726.31	205.28	-201.57	-102.32	-30.5
Change in Working Capital	401.24	-105.47	-263.93	16.74	-81.06

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.